Personal Loan Calculator

Estimate monthly payments on a personal loan. Free personal loan calculator with total interest breakdown.

loan

Result

327.39

Breakdown

Total Paid
11,786
Total Interest
1,786

Frequently Asked Questions

How is loan interest calculated?▼
Most loans use amortized interest where each payment covers accrued interest plus a portion of principal. The formula is M = P[r(1+r)^n]/[(1+r)^n-1].
What is APR vs interest rate?▼
The interest rate is the cost of borrowing the principal. APR includes the interest rate plus fees, giving the true yearly cost of the loan.

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Calculate monthly payments, total interest, and payoff schedule for any personal loan. Free loan calculator with amortization and total cost breakdown.